HIGHBuilt-inProduct / Revenue mix
65%
Feed Ingredients
“10-K Item 1: 'Feed Ingredients| $| 3,990,088 | | 65.0 | %'”
DAR · Concentration risk · 10-K extracted
Darling Ingredients (DAR) concentration risks
Updated
The most significant concentration Darling Ingredients discloses is Feed Ingredients at 65%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Darling Ingredients’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
DGD Joint Venture
“10-K Item 1: 'The Company's primary customer for this product is the DGD Joint Venture'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile presents two exposures that are structurally linked rather than independent. The Feed Ingredients segment is the largest disclosed product-line concentration, though the figure appears in a pipe-delimited table format in the source filing and is treated qualitatively here. By disclosed size this is a high-share product concentration with a structural character, reflecting the company's foundational role as a processor of animal fats and proteins into feed-grade ingredients. Feed Ingredients is the primary volume and revenue anchor for the business, and its dominance in the mix is a deliberate feature of the operating model rather than a transitory condition. Layered on top of that product concentration is a customer-side dependency. The DGD Joint Venture is identified as the primary customer for one of the company's products — a moderate-share concentration by disclosed size, with a dependency character. This means that a portion of production flows to a single, named joint-venture counterparty, and any shift in that relationship — operational, contractual, or driven by regulatory changes affecting renewable fuel economics — could affect volumes and margins. The two exposures interact in a meaningful way: Feed Ingredients output and the DGD Joint Venture overlap in the renewable energy supply chain, so the structural product concentration and the customer dependency are not fully independent risks. Investors should monitor the trajectory of the DGD Joint Venture's operational utilization and regulatory support for renewable fuels as the key variable linking these two disclosed concentrations.
For the engine’s reasoning on DAR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| DAR● | Darling Ingredients Inc. | 1 | 1 | 0 | 2 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.